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Global Travel uses the contribution margin income statement internally, Globai's first quarter results are as ncome statement internally. Global's first quarter results are as follows:

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Global Travel uses the contribution margin income statement internally, Globai's first quarter results are as ncome statement internally. Global's first quarter results are as follows: (Click the icon to view the income statement) Data Table at sales levels of $180,000 and $480,000. (Hint: Use the contribution margin ratio.) 180,000 levet (Round the variable expense rate to the nearest whole percent Enter losses with Global Travel Contribution Margin Income Statement Three Months Ended March 31 $400.000 120,000 Sales revenue Less: Variable expenses Contribution margn Less: Fixed expensen Operating income S 280,000 170,800 S109 200 PrintDone variabio expense rate to the neareet whole percent Enter losses with a minus

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